SJVN Green Energy Ltd receives LoA from MSEDCL for 200 MW solar power project

SJVN Green Energy Limited ("SGEL"), wholly owned subsidiary of of SJVN Ltd received a Letter of Award from Maharashtra State Electricity Distribution Company Limited ("MSEDCL") for 200 MW Solar Power Project to be developed any where in the State of Maharashtra. The project shall be constructed in a period of 18 months which shall be reckoned from the date of signing of PPA with MSEDCL.

Tentative cost of Construction / Development of this project shall be around INR 1,000 Cr. The project is expected to generate 455.52 MUs in the 1st year and the cumulative energy generation over a period of 25 years would be about 10480.82 MU. Commissioning of this Project is expected to reduce 5,13,560 Tonnes of carbon emission and would contribute towards GoI mission of 500 GW Renewable Capacity by 2030.

The company has aligned its Shared Vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW capacity by 2040 with that of Government of India's target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation and vision to provide round the clock power to all.

Shares of SJVN Limited was last trading in BSE at Rs. 30.95 as compared to the previous close of Rs. 31.01. The total number of shares traded during the day was 1479944 in over 3337 trades.

The stock hit an intraday high of Rs. 31.45 and intraday low of 30.45. The net turnover during the day was Rs. 45755115.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 SJVNGreenEnergy MSEDCL 200MW SolarPowerProject